China Criticizes EU Over Extraterritorial Reach in JD.com Probe
· World · Bloomberg, Reuters, Financial Times
China has criticized the European Union for applying its Foreign Subsidies Regulation to investigate JD.com Inc.'s planned €2.2 billion takeover of German electronics retailer Ceconomy. Beijing called the move an improper extraterritorial use of trade rules. The regulatory review focuses on whether foreign state subsidies distort competition within the bloc's internal market. Further details regarding the specific objections raised by Chinese authorities were not provided in the report. The acquisition remains subject to ongoing regulatory scrutiny by European competition watchdogs.
Why it matters
The dispute tests the limits of European trade enforcement against foreign corporate acquisitions and affects Chinese technology investments in the European market.
Read the original report — Bloomberg
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